Published by Coherent Market Insights
Posted on October 8, 2021
The global fine hydrate market is projected to surpass US$ 550 million by the end of 2027, in terms of revenue, growing at CAGR of 7.3% during the forecast period (2019 to 2027).
Fine hydrate is a non-halogenated flame retardant additive used across several applications such as injection molding, wire, and cable compounds, and paints & polymer. It belongs to the class of fine alumina trihydrate (ATH) compounds which is produced by using Bayer’s process. Fine alumina hydrate is an eco-friendly, mineral-based flame retardant, that is used in a variety of polyolefin resins. Some of the other applications of fine hydrate are cable compounds, sheet molding compounds, and bulk molding compounds. Moreover, it is also used to produce lightweight plastics for automobiles which reduce the overall weight of the automobile, thus making fuel-efficient vehicles. Furthermore, fine hydrate is also used in the production of pigment.
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Drivers
Increasing demand for plastic from the automotive industry for reducing the overall weight of the vehicle is projected to propel the market growth of fine hydrate. Fine hydrate is widely used to produce polymers, where they are used as flame retardant additives. These polymers have huge demand from the automotive industry for producing automobile components that reduce the overall weight and make fuel-efficient vehicles. Thus, the rising demand for plastic from automotive is the industry that is fueling market growth.
Market Opportunities
Growing application of fine hydrate in the production of cable & wire products is projected to offer numerous growth opportunities to the market growth of fine hydrate over the forecast timeframe. Increasing production of electronic goods especially across China and India is expected to propel the market growth. Fine precipitated alumina trihydrate provides superior powder processing and outstanding compounds properties which makes them ideal flame retardant additives.
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Market Trends
The rising trend of nano technology in new products is projected to propel the market growth of fine hydrate. Various polymer producers are adding flame retardants such as fine hydrate with nanoclays, which improve the performance of polymer additives as nanoclays have help in anti-dripping and slowing down fire, and they also produce surface char, all these enhance the quality of non-halogenated flame retardants. This factor is projected to propel the market growth.
Competitive Section
Key players operating in the global fine hydrate market are Nabaltec AG, Huber Engineered Materials, Hindalco Industries Limited, Sumitomo Chemical Co. Ltd., Alumina Castables & Chemicals Private Limited, Aluminum Corporation of China Limited (CHALCO), JINAN CHENXU CHEMICAL CO., LTD., and Henan Kingway Chemicals Co., Ltd.
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Coherent Market Insights
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The post Fine Hydrate Market Is Projected To Surpass Us$ 550 Million By The End Of 2027 | Nabaltec AG, Huber Engineered Materials, Hindalco Industries Limited appeared first on Gatorledger.
The global fine hydrate market is projected to surpass US$ 550 million by the end of 2027, in terms of revenue, growing at CAGR of 7.3% during the forecast period (2019 to 2027).
Fine hydrate is a non-halogenated flame retardant additive used across several applications such as injection molding, wire, and cable compounds, and paints & polymer. It belongs to the class of fine alumina trihydrate (ATH) compounds which is produced by using Bayer’s process. Fine alumina hydrate is an eco-friendly, mineral-based flame retardant, that is used in a variety of polyolefin resins. Some of the other applications of fine hydrate are cable compounds, sheet molding compounds, and bulk molding compounds. Moreover, it is also used to produce lightweight plastics for automobiles which reduce the overall weight of the automobile, thus making fuel-efficient vehicles. Furthermore, fine hydrate is also used in the production of pigment.
Get a Sample Copy + All Related Graphs & Charts: https://www.coherentmarketinsights.com/insight/request-sample/3635
Drivers
Increasing demand for plastic from the automotive industry for reducing the overall weight of the vehicle is projected to propel the market growth of fine hydrate. Fine hydrate is widely used to produce polymers, where they are used as flame retardant additives. These polymers have huge demand from the automotive industry for producing automobile components that reduce the overall weight and make fuel-efficient vehicles. Thus, the rising demand for plastic from automotive is the industry that is fueling market growth.
Market Opportunities
Growing application of fine hydrate in the production of cable & wire products is projected to offer numerous growth opportunities to the market growth of fine hydrate over the forecast timeframe. Increasing production of electronic goods especially across China and India is expected to propel the market growth. Fine precipitated alumina trihydrate provides superior powder processing and outstanding compounds properties which makes them ideal flame retardant additives.
Hurry Up…and Get a 2000$ Discount On a Price…!!! https://www.coherentmarketinsights.com/insight/request-discount/3635
Market Trends
The rising trend of nano technology in new products is projected to propel the market growth of fine hydrate. Various polymer producers are adding flame retardants such as fine hydrate with nanoclays, which improve the performance of polymer additives as nanoclays have help in anti-dripping and slowing down fire, and they also produce surface char, all these enhance the quality of non-halogenated flame retardants. This factor is projected to propel the market growth.
Competitive Section
Key players operating in the global fine hydrate market are Nabaltec AG, Huber Engineered Materials, Hindalco Industries Limited, Sumitomo Chemical Co. Ltd., Alumina Castables & Chemicals Private Limited, Aluminum Corporation of China Limited (CHALCO), JINAN CHENXU CHEMICAL CO., LTD., and Henan Kingway Chemicals Co., Ltd.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Fine Hydrate Market Is Projected To Surpass Us$ 550 Million By The End Of 2027 | Nabaltec AG, Huber Engineered Materials, Hindalco Industries Limited appeared first on Gatorledger.
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